ReadyReady building · IAH Project
Park Lane Tower, Business Bay
Highlights
Park Lane Tower at a glance
About Park Lane Tower
Park Lane Tower is a mixed-use building in Business Bay, Dubai, developed by IAH Project. It holds about 604 units: studios, commercial units. Depending on the unit, windows look out over Community.
The building was completed in 2016 and has been in use for about 10 years. 32 units changed hands in the last 12 months, registered with the Dubai Land Department. Recent sales went through at a median of AED 1,196 per sq ft.
Park Lane Tower is one of 257 buildings in Business Bay: 149 are complete and 61 are still being built.
In a nutshell
- A mixed-use ready building
- Located in Business Bay, Dubai
- Developed by IAH Project
- Completed in Q3 2016
- Unit types: Studio, Commercial
- Sizes from 220 to 8,840 sq ft
- Views: Community View
- Service charge from AED 6.06 per sq ft
- Business Bay metro station 0.7 km away
- Status
- Ready
- Developer
- IAH Project
- Location
- Business Bay, Dubai
- Completed
- Q3 2016
- Unit types
- Studio, Commercial
- Prices from
- AED 251.0K
- Median price per sq ft
- AED 1,196
- Service charge
- AED 20.51 per sq ft (2026)
- Nearest metro
- Business Bay Interchange, 0.7 km
Building details
Inside Park Lane Tower
Properties in Park Lane Tower
Studios in Park Lane Tower
There are about 208 of these in Park Lane Tower, from 290 to 750 sq ft. They have recently sold for a median of AED 353.0K, or AED 1,190 per sq ft.
Commercial units in Park Lane Tower
There are about 396 of these in Park Lane Tower, from 220 to 8,840 sq ft. They have recently sold for a median of AED 1.0M, or AED 2,030 per sq ft. Owners who resold made a median 7% over what they paid.
| Unit type | Units | Size | Median price | Median rent |
|---|---|---|---|---|
| Studio | 208 | 290 sqft26.9 sqmt – 750 sqft69.7 sqmt | AED 353K | – |
| Commercial | 396 | 220 sqft20.4 sqmt – 8,840 sqft821.3 sqmt | AED 1M | – |
Sale trends in Park Lane Tower
Median sale price
AED 437.5K
Median per sq ft
AED 1,196
Price ranges from the most recent registered sales, by unit type:
- Studios: AED 186.9K to AED 1.3M (293 to 746 sq ft), across 20 sales
Recent transactions in Park Lane Tower
| LocationStatus and unit | PricePer sqftPer sqmt | SpecsSize and bedrooms | DateSold by |
|---|---|---|---|
| Park Lane Tower, Business BayReadyApartment | AED 520,000AED 1,620 /sqftAED 17,438 /sqmt | 321 sqft29.8 sqmtStudio | Owner |
| Park Lane Tower, Business BayReadyApartment | AED 375,000AED 1,246 /sqftAED 13,412 /sqmt | 301 sqft28 sqmtStudio | Owner |
| Park Lane Tower, Business BayReadyApartment | AED 330,000AED 1,107 /sqftAED 11,916 /sqmt | 298 sqft27.7 sqmtStudio | Owner |
| Park Lane Tower, Business BayReadyApartment | AED 330,000AED 1,126 /sqftAED 12,120 /sqmt | 293 sqft27.2 sqmtStudio | Owner |
| Park Lane Tower, Business BayReadyApartment | AED 855,000AED 1,146 /sqftAED 12,335 /sqmt | 746 sqft69.3 sqmtStudio | Developer |
| Park Lane Tower, Business BayReadyApartment | AED 186,856AED 621 /sqftAED 6,684 /sqmt | 301 sqft28 sqmtStudio | Developer |
| Park Lane Tower, Business BayReadyApartment | AED 199,807AED 621 /sqftAED 6,684 /sqmt | 322 sqft29.9 sqmtStudio | Developer |
| Park Lane Tower, Business BayReadyApartment | AED 211,216AED 619 /sqftAED 6,663 /sqmt | 341 sqft31.7 sqmtStudio | Developer |
| Park Lane Tower, Business BayReadyApartment | AED 225,965AED 621 /sqftAED 6,684 /sqmt | 364 sqft33.8 sqmtStudio | Developer |
| Park Lane Tower, Business BayReadyApartment | AED 199,274AED 621 /sqftAED 6,684 /sqmt | 321 sqft29.8 sqmtStudio | Developer |
| Park Lane Tower, Business BayReadyApartment | AED 192,795AED 620 /sqftAED 6,674 /sqmt | 311 sqft28.9 sqmtStudio | Developer |
| Park Lane Tower, Business BayReadyApartment | AED 608,800AED 1,696 /sqftAED 18,256 /sqmt | 359 sqft33.4 sqmtStudio | Owner |
| Park Lane Tower, Business BayReadyApartment | AED 1,250,000AED 3,894 /sqftAED 41,915 /sqmt | 321 sqft29.8 sqmtStudio | Owner |
| Park Lane Tower, Business BayReadyApartment | AED 610,679AED 1,976 /sqftAED 21,269 /sqmt | 309 sqft28.7 sqmtStudio | Owner |
| Park Lane Tower, Business BayReadyApartment | AED 586,758AED 1,828 /sqftAED 19,676 /sqmt | 321 sqft29.8 sqmtStudio | Owner |
| Park Lane Tower, Business BayReadyApartment | AED 690,273AED 2,356 /sqftAED 25,360 /sqmt | 293 sqft27.2 sqmtStudio | Owner |
| Park Lane Tower, Business BayReadyApartment | AED 702,223AED 2,356 /sqftAED 25,360 /sqmt | 298 sqft27.7 sqmtStudio | Owner |
| Park Lane Tower, Business BayReadyApartment | AED 500,000AED 1,558 /sqftAED 16,770 /sqmt | 321 sqft29.8 sqmtStudio | Owner |
| Park Lane Tower, Business BayReadyApartment | AED 500,000AED 1,323 /sqftAED 14,241 /sqmt | 378 sqft35.1 sqmtStudio | Owner |
| Park Lane Tower, Business BayReadyApartment | AED 301,820AED 999 /sqftAED 10,753 /sqmt | 302 sqft28.1 sqmtStudio | Owner |
Park Lane Tower
Business Bay
AED 520K
AED 1,620 /sqftAED 17,438 /sqmt
ReadyApartment321 sqft29.8 sqmtStudioOwner5 Feb 2026Park Lane Tower
Business Bay
AED 375K
AED 1,246 /sqftAED 13,412 /sqmt
ReadyApartment301 sqft28 sqmtStudioOwner18 Dec 2025Park Lane Tower
Business Bay
AED 330K
AED 1,107 /sqftAED 11,916 /sqmt
ReadyApartment298 sqft27.7 sqmtStudioOwner11 Nov 2025Park Lane Tower
Business Bay
AED 330K
AED 1,126 /sqftAED 12,120 /sqmt
ReadyApartment293 sqft27.2 sqmtStudioOwner11 Nov 2025Park Lane Tower
Business Bay
AED 855K
AED 1,146 /sqftAED 12,335 /sqmt
ReadyApartment746 sqft69.3 sqmtStudioDeveloper28 Aug 2025Park Lane Tower
Business Bay
AED 186.9K
AED 621 /sqftAED 6,684 /sqmt
ReadyApartment301 sqft28 sqmtStudioDeveloper12 Mar 2025Park Lane Tower
Business Bay
AED 199.8K
AED 621 /sqftAED 6,684 /sqmt
ReadyApartment322 sqft29.9 sqmtStudioDeveloper11 Mar 2025Park Lane Tower
Business Bay
AED 211.2K
AED 619 /sqftAED 6,663 /sqmt
ReadyApartment341 sqft31.7 sqmtStudioDeveloper11 Mar 2025Park Lane Tower
Business Bay
AED 226K
AED 621 /sqftAED 6,684 /sqmt
ReadyApartment364 sqft33.8 sqmtStudioDeveloper11 Mar 2025Park Lane Tower
Business Bay
AED 199.3K
AED 621 /sqftAED 6,684 /sqmt
ReadyApartment321 sqft29.8 sqmtStudioDeveloper11 Mar 2025Park Lane Tower
Business Bay
AED 192.8K
AED 620 /sqftAED 6,674 /sqmt
ReadyApartment311 sqft28.9 sqmtStudioDeveloper10 Mar 2025Park Lane Tower
Business Bay
AED 608.8K
AED 1,696 /sqftAED 18,256 /sqmt
ReadyApartment359 sqft33.4 sqmtStudioOwner1 Jul 2024Park Lane Tower
Business Bay
AED 1.3M
AED 3,894 /sqftAED 41,915 /sqmt
ReadyApartment321 sqft29.8 sqmtStudioOwner20 May 2024Park Lane Tower
Business Bay
AED 610.7K
AED 1,976 /sqftAED 21,269 /sqmt
ReadyApartment309 sqft28.7 sqmtStudioOwner23 Nov 2023Park Lane Tower
Business Bay
AED 586.8K
AED 1,828 /sqftAED 19,676 /sqmt
ReadyApartment321 sqft29.8 sqmtStudioOwner22 Nov 2023Park Lane Tower
Business Bay
AED 690.3K
AED 2,356 /sqftAED 25,360 /sqmt
ReadyApartment293 sqft27.2 sqmtStudioOwner22 Aug 2023Park Lane Tower
Business Bay
AED 702.2K
AED 2,356 /sqftAED 25,360 /sqmt
ReadyApartment298 sqft27.7 sqmtStudioOwner22 Aug 2023Park Lane Tower
Business Bay
AED 500K
AED 1,558 /sqftAED 16,770 /sqmt
ReadyApartment321 sqft29.8 sqmtStudioOwner2 Aug 2023Park Lane Tower
Business Bay
AED 500K
AED 1,323 /sqftAED 14,241 /sqmt
ReadyApartment378 sqft35.1 sqmtStudioOwner25 Jul 2023Park Lane Tower
Business Bay
AED 301.8K
AED 999 /sqftAED 10,753 /sqmt
ReadyApartment302 sqft28.1 sqmtStudioOwner18 Apr 2023
Every sale in Park Lane TowerEvery rent contract in Park Lane Tower
Service charges in Park Lane Tower
The 2026 service charge in Park Lane Tower is AED 20.51 per sq ft for commercial units, AED 17.32 per sq ft for mixed, AED 20.51 per sq ft for offices, AED 6.06 per sq ft for shops. It is paid yearly by the owner, covers upkeep, security and shared areas, and is set by the building’s owners association and registered with the Dubai Land Department. Each parking space adds about AED 902 a year.
| Unit type | Rate per sq ft | Size | Yearly charge |
|---|---|---|---|
| Commercial (2026) | AED 20.51 | 220 sqft20.4 sqmt – 8,840 sqft821.3 sqmt | AED 4,512 – AED 181,308 |
| Offices (2026) | AED 20.51 | 220 sqft20.4 sqmt – 8,840 sqft821.3 sqmt | AED 4,512 – AED 181,308 |
| Retail (2026) | AED 6.06 | 220 sqft20.4 sqmt – 8,840 sqft821.3 sqmt | AED 1,333 – AED 53,570 |
Source: Dubai Land Department service charge index. Rates are reviewed each year.
Nearby amenities
Around Park Lane Tower
Transportation near Park Lane Tower
The nearest Dubai Metro station from Park Lane Tower is Business Bay (red line, 0.7 km, about 8 min walk), then Burj Khalifa/Dubai Mall (red line, 1.9 km, about 6 min drive). Stations planned on new lines nearby include Business Bay Interchange (golden line, 0.7 km, about 8 min walk) and Burj Khalifa Road (golden line, 1 km, about 12 min walk).
- Business Bay InterchangeGolden line · 0.7 km · about 8 min walk
- Business BayRed line · 0.7 km · about 8 min walk
- Burj Khalifa RoadGolden line · 1 km · about 12 min walk
- Burj Khalifa/Dubai MallRed line · 1.9 km · about 6 min drive
- District 1 near High Speed Rail lineGolden line · 2.3 km · about 7 min drive
- City WalkGolden line · 2.5 km · about 7 min drive
Shopping and groceries near Park Lane Tower
The closest is Spinneys/ Ontario Tower, 0.1 km from Park Lane Tower (about 2 min walk).
- Spinneys/ Ontario TowerSupermarket · 0.1 km · about 2 min walk
- Spinneys / The Executive TowersSupermarket · 0.5 km · about 6 min walk
- Bay AvenueShopping Mall · 0.7 km · about 8 min walk
- Choitram, The Executive TowersSupermarket · 1 km · about 12 min walk
- Al Maya / 8 Boulevard Walk, Downtown DubaiSupermarket · 1.1 km · about 13 min walk
Restaurants and hotels near Park Lane Tower
The closest is Oberoi Hotel, 0.2 km from Park Lane Tower (about 2 min walk).
- Oberoi HotelHotel · 0.2 km · about 2 min walk
- JW Marriott Marquis Business BayHotel · 0.5 km · about 6 min walk
- Maward RestaurantRestaurant · 1 km · about 12 min walk
- Vida Hotels and ResortsHotel · 1.4 km · about 5 min drive
- Qamardeen HotelHotel · 1.5 km · about 5 min drive
Hospitals and clinics near Park Lane Tower
The closest is Medcare Hospital, 1.9 km from Park Lane Tower (about 6 min drive).
- Medcare HospitalHospital · 1.9 km · about 6 min drive
- Al Amal HospitalHospital · 2.1 km · about 6 min drive
- Emirates HospitalHospital · 2.8 km · about 8 min drive
- Internationl Medical CenterHospital · 3.1 km · about 8 min drive
- Neuro Spinal hospitalHospital · 3.5 km · about 9 min drive
Parks and leisure near Park Lane Tower
The closest is Dubai Bowling Centre, 1.3 km from Park Lane Tower (about 5 min drive).
- Dubai Bowling CentreSports Academy · 1.3 km · about 5 min drive
- Safa ParkPark · 1.6 km · about 5 min drive
- Al Quoz Pond ParkPark · 2.4 km · about 7 min drive
- Jumeirah Beach ParkPark · 3 km · about 8 min drive
- Falcon Heritage and Sports CentreSports Academy · 4.7 km · about 11 min drive
Schools near Park Lane Tower
The nearest is Japanese School, 1.1 km away. Ratings are the KHDA's latest inspection grades.
- Japanese SchoolJapanese · KHDA: Good · 1.1 km
- JSS Private School L.L.CIndian · KHDA: Very good · 1.2 km
- Horizons English School L.L.CUK · KHDA: Outstanding · 1.3 km
- Iranian Towheed Boys SchoolIranian - International Baccalaureate · KHDA: Good · 1.4 km
- Global Indian International School L.L.CIndian · KHDA: Good · 1.4 km
- Dubai British School MiraUK · KHDA: Not inspected yet · 1.4 km
Other buildings in Business Bay
Business Bay has 257 buildings. A few others to compare Park Lane Tower with:
- Ready
Ready- Ready
ReadyOff-plan
Ready
Things to consider about Park Lane Tower
In its favour
- Business Bay metro station is within walking distance.
- An active resale market: 32 sales in the last year make it easier to price and to sell.
- Owners who resold have made money: a median gain of up to 7%.
- Ready to move into or let, with no construction risk.
- Several schools within 3 km.
Worth checking
- Service charges of up to AED 20.51 per sq ft are on the higher side for Dubai.
Specialists
Brokers who know Park Lane Tower
These brokers handle sales and lettings in Park Lane Tower and can tell you what is available now.
Mohammad Jarrar
Property Advisor
Anjelika Nazarmetova
Senior Property Advisor
Osman Sillah
Property Advisor
Mahmoud Hamzeh
Property Advisor
Shiela Marie Duran
Property Advisor
Nathalie Donfack Tsueti
Property Advisor
Ivelina Neykova
Senior Property Advisor
Aniket Arun Tiwari
Property Advisor
FAQs
Park Lane Tower: questions answered
Buying, selling or renting in Park Lane Tower?
A broker who works Business Bay will tell you what is available and what comparable homes went for.